GIPS

/gips/ or /jips/ [Analogy with MIPS] Giga-Instructions per
Second (or possibly "Gillions of Instructions per Second"; see
gillion).

In 1991, this was used of only a handful of highly parallel
machines and one sequential processor built with Josephson
devices. DEC's Alpha AXP 21164 processor was the first
commercially available 1 GIPS sequential processor (7 Sep
1994). Compare KIPS.